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CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.

Contracts 370
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West Coast MLSs form partnership to share listings data

Housing Wire

MetroList, which serves Northern California, recently partnered with real estate data provider StreetWire on a home insurance product called Home Value Lock, which gives homeowners protection in the event they have to sell their house at a loss due to an unexpected need to move.

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Home equity access: How Finance of America bolsters the market with home equity products

Housing Wire

Retirement planning has shifted to longevity planning, making home equity access essential for financial security. Senior-friendly financial products, like those from Finance of America, allow seniors to age in place while leveraging their home value to cover retirement healthcare, daily expenses, and more.

Finance 370
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2021 housing market outlook: No signs of slowing

Housing Wire

Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full three weeks faster than a year ago. million homes sold – 21.8% 2020 has been a remarkably strong year for the housing market.

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Americans Seeking Out Suburbs With Strongest Job Markets 

Appraisal Buzz

Known for its red brick historic district, farmers market, and community events like the Flowertown Festival, Summerville is also one of just three suburbs in the top 10 with an average home value under $400,000 (the other two being Conway, South Carolina, and Davenport, Florida). year-over-year between August 2023 and 2024.

Marketing 405
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Many Homeowners With Mortgages Locked Into High Interst Rates 

Appraisal Buzz

Many people are moving because they have no other option after a significant life event, such as a divorce or job shift, according to Redfin agents. Homeowners hate to give up their 2-3% mortgage rate, but life happens and people have to move. The lock-in impact is lessening for a few other reasons.

Mortgage 347
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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

Some popular real estate newsletter content includes: Market updates Featured listings Industry news Local news Community events Agent profiles Investment opportunities No matter what content you choose to include, your real estate newsletter should serve as a meaningful touchpoint that continuously builds your client relationships.